0
What else can I help you with?
What do governments do to stabilize the economy?
Progressive taxes. When economy is in a boom, income of people increase, tax collected increases, alleviates the huge rise in consumption. Tax revenue of government also increases. When economy is facing recession, unemployment results and amount of taxes government collect will reduce due to the lowered income. Government can then use the tax revenue collected previously to induce spending through the use of Govenment expenditure or welfare benefits
What the impact of the economy in a business?
The economy directly affects business. When consumers have buying power, businesses will see more revenue. When the economy is depressed, businesses will see less revenue.
Marginal revenue curve?
Explain why the marginal revenue(MR) is always less than the average revenue (AR)?
Ask us is one way that the government cannot prevent a budget deficit?
One way the government cannot prevent a budget deficit is by imposing excessive taxation, which can stifle economic growth and reduce overall revenue. Additionally, if the economy is in a recession, even increased tax rates may not yield sufficient revenue to cover expenditures. Ultimately, structural issues in the economy, such as high unemployment or low consumer spending, can persistently undermine efforts to balance the budget, regardless of government intervention.
Explain Why and how the concept of an organization is changing?
increase productivity, revenue.. etc
What do governments do to stabilize the economy?
Progressive taxes. When economy is in a boom, income of people increase, tax collected increases, alleviates the huge rise in consumption. Tax revenue of government also increases. When economy is facing recession, unemployment results and amount of taxes government collect will reduce due to the lowered income. Government can then use the tax revenue collected previously to induce spending through the use of Govenment expenditure or welfare benefits
What the impact of the economy in a business?
The economy directly affects business. When consumers have buying power, businesses will see more revenue. When the economy is depressed, businesses will see less revenue.
Marginal revenue curve?
Explain why the marginal revenue(MR) is always less than the average revenue (AR)?
What is the positive impact of tourism industry on the economy?
Increased tax revenue, and increased revenue of firms
What is the free sheet business model?
In regard to the newspaper industry, the freesheet model is one that makes all its revenue from paid advertising. The paper itself is free to consumers. This type of model can work well when the economy is healthy, but can produce big losses during a recession.
Why was Ghana Revenue Authority formed?
The Ghana Revenue Service was formed in order to compute and control the income and expenditure of the country or economy.
Explain Why and how the concept of an organization is changing?
increase productivity, revenue.. etc
How does business help the economy?
Business help the economy by generating revenue. There is also creation of employment which means that more people are able to get an income which boosts the economy.
What is an example of indirect cause?
An example of an indirect cause could be a company laying off its employees due to a decrease in consumer demand caused by a recession. The recession indirectly leads to the job cuts by impacting the company's revenue and necessitating cost reductions.
What is parallel economy?
Parallel economy related to the black money or unaccounted money. It causes big loss in the tax revenue for the government.
Is a budget surplus better than a budget deficit?
It is better to have a deficit budget at it gives a boost to the economy for development with scope for further surplus (revenue or borrowing).Surplus budget is detrimental to economic growth because an economy will have resources but no plans.
How does tourism earn revenue?
When tourists come, they spend money. The buisnesses that they spent money at earn revenue and they spend money witch helps stimulate the local economy. Also, they have to pay taxes on everything, and that generates revenue for the state. When tourists come, they spend money. The buisnesses that they spent money at earn revenue and they spend money witch helps stimulate the local economy. Also, they have to pay taxes on everything, and that generates revenue for the state.
